How much can you save?
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well done!!!:j0
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I'm getting very late in working out my percentages each month! July update here. Didn't do as well as I would have liked, and I'm feeling the pinch this month too.
44% towards my target. Hope to hit the half way mark in OctoberTarget Cash Net Worth: £25K by January 2012
Progress May-08 19.0%; May-09 40.0%; May-10 63.0%; May-11 58.4%; Jun-11 58.5%; Jul-11 58.9%; Aug-11 58.7%; Sep-11 59.0%
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Anyone else feeling like they cant wait for the next few months to be over with? just so i can get some savings behind me and debt free hopefully.
Hmm. While I am always happy to see payday and add to my savings (etc etc), I would not go do far as to wish time would go faster to make my savings grow more quickly. Do not wish your life away as my gran always said (and she was right) xoGet to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
Save £180,000 by 31 Dec 2020! 2011: £54,342 * 2012: £62,200 * 2013: £74,127 * 2014: £84,839 * 2015: £95,207 * 2016: £109,122 * 2017: £121,733 * 2018: £136,565 * 2019: £161,957 * 2020: £197,685
eBay sales - £4,559.89 Cashback - £2,309.730 -
Added £200 to my savings today.
I'm nowhere near saving as much as you guys but I'm saving and that's what matters!
You lot are an inspiration though!0 -
Ok i love this thread and its the nicest people on it so could someone work out my pay please after tax and insurance?
If i get paid fortnightly and do 78 hours basic + 41(or 50) hours time and a half at £6.95 an hour (£10.43 time and a half) ThanksWork in progress...Update coming July 2012.
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Hi guys
New to the forum so thought I'd share my story . I'm in my mid 20s and working full time. I was saving up for a house deposit and managed to save 70.5K. This was before I started playing around with the idea of buying a new car. Two weeks on and I have ended up buying something that has cost me an arm and a leg (personal contract purchase £9k deposit, £190 monthly payments for 36 months + insurance, and final balloon payment of £10K).
I was just so blinded by the idea of owning something nice that I completely missed the bigger picture. I do love the car and enjoy driving it but ultimately this has been a massive waste once depreciation is taken into account.
My other half and myself still manage to save roughly £1000-1200 a month which doesn't seem enough anymore.
So that's basically it. / rant.
You saved 70.5K by the time you were in your mid twenties? Am i alone in thinking you must have been selling crack to acheive that!0 -
Ok i love this thread and its the nicest people on it so could someone work out my pay please after tax and insurance?
If i get paid fortnightly and do 78 hours basic + 41(or 50) hours time and a half at £6.95 an hour (£10.43 time and a half) Thanks
Assuming this is your only source of income, and you're on the standard tax code (647L)...
Annual Income (approx) 25208
(assuming 41 hours at T1/2 per fortnight)
Personal Allowance is 6475
So Taxable @ 20% = 18733
therefore tax is 3746.60.
Primary threshold for NI is 5875
So NIable @ 11% = 19333
therefore NI is 2126.63
Net pay is 25208 - 3746.60 - 2126.63 = 19335
...which is about £744 a fortnight.Target Cash Net Worth: £25K by January 2012
Progress May-08 19.0%; May-09 40.0%; May-10 63.0%; May-11 58.4%; Jun-11 58.5%; Jul-11 58.9%; Aug-11 58.7%; Sep-11 59.0%
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Thanks very much Lucy! Thats a really good salary for an 18 year old id think? £1,488 a month after tax. And according to my SOA i can easy survive on £400 a month. Im going to go out and out to get rid of my debt now.Work in progress...Update coming July 2012.
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Hi guys
New to the forum so thought I'd share my story . I'm in my mid 20s and working full time. I was saving up for a house deposit and managed to save 70.5K. This was before I started playing around with the idea of buying a new car. Two weeks on and I have ended up buying something that has cost me an arm and a leg (personal contract purchase £9k deposit, £190 monthly payments for 36 months + insurance, and final balloon payment of £10K).
I was just so blinded by the idea of owning something nice that I completely missed the bigger picture. I do love the car and enjoy driving it but ultimately this has been a massive waste once depreciation is taken into account.
My other half and myself still manage to save roughly £1000-1200 a month which doesn't seem enough anymore.
So that's basically it. / rant.
flipping heck are you joking? Are you a millionaire? WOW!0
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